Points to Ponder: When Do You Need a Prenup?

There are some specific considerations that you need to take into account as you contemplate whether or not you should have a prenuptial agreement. These include:

Perhaps the primary factor that you need to take into consideration when contemplating the possibility of a prenuptial agreement is a review of your assets. If you have a significant number of assets and expect the value of your assets to increase during the course and term of your marriage you will want a prenup. This particularly is the case if there is a notable or significant disparity between your wealth and the wealth of your intended. If your potential spouse has a lower net worth than you do, you will want to give serious consideration to a prenup.

You will also want to pay attention to your projected income. If your income will far outstrip that of your potential spouse, you will want to consider very seriously entering into a prenup before you are wed.

Regardless of any disparity in wealth and assets and income between yourself and your intended, if you have children from a prior relationships, once again you will want to consider seriously entering into a prenuptial agreement. A prenuptial agreement in such a situation can be absolutely vital in protecting the interests of your children.

If you are the owner of a business, you will want to consider executing a prenuptial agreement before you marry. Indeed, if you share an interest in a business with other individuals, these men or women may insist that you enter into a prenup or some other agreement to protect the ownership interest in the business itself.

If you are contemplating marriage and have an interest in obtaining a prenuptial agreement, you will want to use our custom services. When it comes to drafting a prenuptial agreement, you must keep in mind that it is a very complicated contract. It must be well drafted in order for it to hold up in the long run. Thus, it is very important that you engage the services of a lawyer who has a good deal of experience in dealing with prenuptial agreements.